Can you get rich at a casino?

Can you make money on deposit bonuses?

Casino bonuses are the most excellent way to broaden your gaming scope. The preponderance of bonuses in New Zealand today are actually deposit bonuses; these are offered in tandem with your deposit and essentially give you bonus money on top of what you deposit. You can't, however, just take that money and run; in fact, it would be way too easy to do that.

A casino bonus is almost always associated with wagering requirements. We do have wagering-free casino bonuses but they are a rarity.

You cannot amass fortune with casino bonuses because of these wagering requirements. A bonus likes to come with strings attached. To withdraw anything from your account after getting a bonus, you need to have played with the bonus and made it through to the other side (i.e., make the bonus disappear in the process of gambling). In theory, if you could always win at casino games, you could also always win using bonuses. But we know that's not the case. Even with that in mind, bonus amounts tend to be pretty pathetic. The maximum you'll probably see attached to an online casino account is between 10-20% of what you've deposited.

Is it possible to make money on free spins?

Besides deposit bonuses, a significant portion of the bonuses offered at casinos in New Zealand takes the form of free spins. However, in comparison to deposit bonuses, free spins usually come without any wagering requirements. This is undoubtedly a good thing and makes it seem like you could earn some cash from free spins.

While it is certainly easier to profit from no-wagering free spin bonuses than from deposit bonuses with wagering requirements, you won't be able to get wealthy from the free spin offers either. The free spins bonuses usually have very low cash values, with the total value of the bonus not exceeding $100. You won't win much from the spins either, as they usually have a value of around $1 or less per spin. You can expect most of your wins from the free spin offers to not exceed the small amounts mentioned here.

Casino game strategies

Making money from online slots is, of course, a matter of "no" from our side. It thus deserves no special heading in this article.

On the other hand, casino games are a matter entirely different, and many players swear that they can make money on Blackjack, Roulette, and other similar games. The question then is whether it is really possible to get rich on casino games or if it is just humbug.

One of the most told tales we hear is of Blackjack players swearing they have the ability to count cards. This whole shtick is based on a system that was devised in the 1960s by mathematician Edward O. Thorp. With the help of a number of cohorts, he managed to get wealthy playing Blackjack. In the following decades, many people either directly or indirectly associated with Thorp copied his system and also got wealthy playing either Thorp's version of Blackjack or something similar.

Many decades later, it is now nearly impossible to gain an advantage over the house by counting cards. Casinos have taken many measures to prevent this, and these measures include the following:

• Prohibition of jumping from Table To Table
• Dealer notification systems that signal when a player has a favorable situation.
• Fewer cards dealt before the deck is reshuffled

Another delusion that prevails among players is a system known as Martingale. This is a system where the bettor doubles up on every losing bet. If the bettor loses $20 on a particular round, they wager $40 on the next, and if that bet also loses, then the next round is a wager of $80. The idea is to potentially win back twice the amount of the original wager. But the house has an edge on these bets, and sooner or later, a very costly loss occurs.

Can you get rich on sports betting?

Betting on sports is one of the few forms of gambling in which you can actually make a profit. Pros that do it for a living are few and far between, but New Zealand has a couple of betting professionals who make a living off finding over-odds. They use systems to find these edges and get a small advantage over the House. Even so, it's still not easy, and many who have tried have failed and had to go back to their regular jobs.

Also, one must create statistical models and manage a bankroll perfectly in order to have a chance at making money over the long haul. What we do is hard, and even if people can make money, the odds of making enough to say you got rich are pretty darn close to nil.

Summary

Becoming rich through a casino is not something one should expect. There are ways to make your money last a little bit longer in the casino. Playing slots with a high payback percentage and learning the basic strategy for blackjack are two great ways to do that. And not winning 100% time is way better than earning tips and living off tricks that make it seem like a sure thing to win. Casinos sometimes give you bonuses to use that can increase your bankroll. They also have terms and conditions associated with these bonuses that make it harder to withdraw, i.e. win, what you seem to have won. We recommend that you just play because you like it and that you do not cold-heartedly expect to make any amount of money.